Every 10-Q that MIND Technology, Inc. (MIND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MIND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MIND filings page.
MIND TECHNOLOGY, INC. (MIND) reported significantly weaker results for the quarter and six months ended July 31, 2026, as its Seamap marine technology business faced softer demand and project delays. Quarterly revenue fell to $5.6 million from $13.6 million a year earlier, producing a gross profit of $2.1 million and an operating loss of $1.8 million versus prior-year operating income of $2.7 million. Net loss was $1.7 million for the quarter and $2.1 million year-to-date, compared with net income of $1.9 million and $1.0 million in the prior-year periods.
Backlog of firm orders declined to $4.8 million at July 31, 2026 from $13.9 million at January 31, 2026, and operating cash flow for the first half swung to an outflow of $3.1 million from an inflow of $2.9 million, largely due to increased accounts receivable. The company cited delayed customer payments tied to the war in Iran, with $12.6 million of affected receivables, $1.9 million of which has since been collected, and management expresses confidence in collecting the remainder. Despite the downturn, MIND reported working capital of about $36.7 million, including $15.8 million of cash, no interest-bearing debt, an unused $5.0 million trade finance facility, and an at-the-market equity program and authorized share repurchase plan available for future capital needs.
MIND Technology reported stronger results for the three months ended April 30, 2026. Revenue rose to $9.7 million from $7.9 million, with gross margin steady at 42%, reflecting higher marine technology product sales.
The company generated operating income of about $14,000 versus a prior loss of $658,000, and reduced its net loss to $411,000 from $970,000. EBITDA turned positive at $293,000 and Adjusted EBITDA reached $811,000, helped by higher volumes and stock-based compensation add-backs.
Liquidity remains solid, with working capital of roughly $37.8 million and cash and equivalents of about $17.7 million. However, firm order backlog declined to $7.6 million from $13.9 million, and management expects fiscal 2027 revenue to decline compared with fiscal 2026 despite a generally optimistic long-term industry outlook.
MIND Technology, Inc. reports results for the quarter ended October 31, 2025. Revenue was $9.7 million, down from $12.1 million a year earlier, while gross margin improved to 47%. Operating income was $0.8 million and net income was $62 thousand, with a much higher effective tax rate of about 92% weighing on earnings.
For the first nine months, revenue was $31.2 million versus $31.8 million in the prior-year period, generating operating income of $2.8 million and net income of $1.0 million. Cash from operating activities improved to $3.8 million, compared with a $1.4 million use a year ago.
Cash and cash equivalents rose to $19.4 million from $5.3 million, aided by $10.8 million of net proceeds from at-the-market common stock sales. Working capital was about $36.0 million and the company has no debt. Management notes a firm order backlog of $7.2 million at quarter-end plus $9.5 million of orders received afterward and expects stronger fourth-quarter fiscal 2026 revenue and full-year revenue roughly in line with fiscal 2025.